Thermal Management Market

Thermal Management Market by Material (Adhesives, Nonadhesive), Device (Conduction, Convection, Advanced, and Hybrid), Thermal Management Service (Installation & Calibration and Optimization & Post-sales Support), End-Use Industry, and Region – Global Forecast to 2024

Report Code: SE 5290 Jul, 2019, by marketsandmarkets.com

Thermal management market size was worth USD 11.1 billion in 2019 and is projected to reach USD 16.2 billion by 2024, at a CAGR of 8.0% during 2019–2024. Major drivers for the market are the rising demand for effective thermal management solutions and systems in consumer electronics; increasing use of electronic devices in different end-use industries; and ongoing radical miniaturization of electronic devices.

Thermal Management Market

Thermal management market for nonadhesive thermal management material is expected to hold the largest share during the forecast period.”

The nonadhesive thermal management material market is expected to lead the market between 2018 and 2024. Nonadhesive materials such as thermal pads, gap fillers, and grease are used widely in consumer electronics such as computers, laptops, and other handheld devices such as tablets. Thermal pads are used to fill the gaps between heat sinks and microprocessors. They eliminate air gaps to reduce thermal resistance and provide low-stress vibration dampening. Elastomeric pads were developed as an alternative to grease-based solutions used earlier for thermal management.

“Thermal Management Market for Convection cooling devices expected to hold the largest market share from 2019 to 2024”

Convection cooling devices of in thermal management are increasingly being used in electronic components, electronic circuits, and PCBs. These devices help lower the peak temperature of different systems where they are installed with natural and forced convection cooling technologies. Devices such as loop heat pipes, heat pumps, heat sinks, and heat spreaders are used for effective cooling of processors and computers, among others.

“Market for Consumer electronics is expected to hold the largest market share from 2019 to 2024”

Thermal management solutions are used prominently in several consumer electronics such as personal computers, laptops, smartphones, and gaming devices. Thermal management in consumer electronics involves chip cooling to protect electronic components such as processors and transistors from overheating. For multi-core processors, the noise can be avoided by using large heat sinks, heat pipes, and cooling fans. For instance, high conductivity materials such as phase change materials (PCMs) and thermal interface materials are used widely in smartphones and laptops to manage the cooling of electronic components and integrated chips. Thus, an increasing number of processors and the shrinking size of electronic components is leading to the rise in demand for thermal management solutions and systems in consumer electronics.

Thermal Management Market

“Thermal Management market in Asia Pacific expected to account for the largest market share from 2019 to 2024.”

The region has emerged as a global focal point for large investments and business expansion opportunities. Moreover, increasing demand for effective thermal management solutions and systems from consumer electronics, automotive, defense, and healthcare sectors is also fueling the growth of the market in APAC.

Flourishing chip manufacturing companies in countries such as China and South Korea are contributing to the growth of the market in APAC. The region holds a major position in the global semiconductor chip manufacturing industry with China, Japan, South Korea, and Taiwan leading the industry due to the presence of companies such as SK Hynix Inc. (South Korea), Renesas Electronics Corporation (Japan), Toshiba Corporation (Japan), and Samsung Group (South Korea) in these countries.

Key Market Players:

Key players in the market include Honeywell International Inc. (US), Aavid Thermalloy LLC. (US), Vertiv Co. (US), European Thermodynamics Ltd. (UK), and Master Bond Inc. (US), Advanced Cooling Technologies, Inc. (US), Dau Thermal Solutions Inc. (US), Amerasia International Technology Inc. (US), Heatex AB (Sweden), and Parker Chomerics (US). Major players in the market have adopted strategies such as agreements, product launches & developments, mergers & acquisitions, and partnerships to grow in the market.

Market Report Scope

Report Metric

Details

Market size available for years

2016-2024

  Base year considered

2018

  Forecast period

2019–2024

  Forecast units

Value (USD)

  Segments covered

Material, Device, Service, End-Use Industry, and Region

  Geographies covered

North America, Europe, APAC, and RoW

  Companies covered

Honeywell International Inc. (US), Aavid Thermalloy LLC. (US), Vertiv Co. (US), European Thermodynamics Ltd. (UK), Master Bond Inc. (US), Advanced Cooling Technologies, Inc. (US), Dau Thermal Solutions Inc. (US), Amerasia International Technology Inc. (US), Heatex AB (Sweden), and Parker Chomerics (US)

Total 20 major players covered

The thermal management market comprises solution providers such as Honeywell International Inc. (US), Aavid Thermalloy LLC. (US), Vertiv Co. (US), European Thermodynamics Ltd. (UK), Master Bond Inc. (US), Advanced Cooling Technologies, Inc. (US), Dau Thermal Solutions Inc. (US), Amerasia International Technology Inc. (US), Heatex AB (Sweden), LORD Corporation (US), Parker Chomerics (US), Laird PLC (UK), Henkel AG & Company, KGaA (Germany), and Delta Electronics, Inc. (Taiwan).

The report also describes the drivers, restraints, opportunities, and challenges for the growth of the market. In addition to the in-depth view on market segmentation, the report includes critical market data and qualitative information for each type, along with qualitative analysis, such as value chain analysis, market ranking analysis, and competitive situations and trends. The report targets technology providers, product and service providers, system integrators, and end-use industries in the market.

The market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The thermal management market has been segmented as below

Market, by Material

  • Adhesive Material
  • Nonadhesive Material

Market, by Device

  • Conduction Cooling Devices
  • Convection Cooling Devices
  • Advanced Cooling Devices
  • Hybrid Cooling Devices

Market, by Service

  • Installation & Calibration
  • Optimization & Post-sales Support

Market, by End-Use Industry

  • Aerospace & Defense
  • Automotive
  • Servers & Data Centers
  • Consumer Electronics
  • Enterprises
  • Healthcare
  • Others

Market, by Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Recent Developments in Thermal Management Industry

  • In March 2019, Master Bond introduced Supreme 3HTS-80, a one-part silver-filled epoxy adhesive
  • In February 2019, Laird Thermal Systems, a thermal division of the company, developed a large capacity direct-to-air thermoelectric assembly (TEA)
  • In May 2018, Advanced Cooling Technologies (ACT) launched its new patented isothermal card edge, ICE-Lok wedgelock

Critical questions the report answers:

  • Where will all these developments take the industry in the mid- to long-term?
  • What are the upcoming industries for thermal management applications?
  • Who are the important players in the market?
  • What are the upcoming products and technologies in the market?
  • What are the major drivers, restraints, opportunities, and challenges for the thermal management market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Data From Primary Sources
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Estimating Size of Market Based on Bottom-Up Analysis
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Estimating Size of Market Based on Top-Down Analysis
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 38)
    4.1 Attractive Growth Opportunities in Market
    4.2 Market, By End-Use Industry
    4.3 Market, By Device and Region
    4.4 Market, By Service
    4.5 Market, By Region

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Demand for Effective Thermal Management Solutions and Systems in Consumer Electronics
                    5.2.1.2 Increasing use of Electronic Devices in Different End-Use Industries
                    5.2.1.3 Ongoing Radical Miniaturization of Electronic Devices
           5.2.2 Restraints
                    5.2.2.1 Design Complexities of Components Used in Cooling Systems
           5.2.3 Opportunities
                    5.2.3.1 Technological Advancements Such as the Development of Synthetic Cooling Systems and Interface Materials
                    5.2.3.2 Advent of Cool Chips for Thermal Management in Electronic Devices
                    5.2.3.3 Increased Demand for Natural Refrigerants
           5.2.4 Challenges
                    5.2.4.1 High Development Costs of Customized Thermal Management Solutions and Systems
    5.3 Value Chain Analysis
    5.4 Thermal Management Standards and Regulations
           5.4.1 Codes and Standards Related to Thermal Management

6 Thermal Management Market, By Material Type (Page No. - 50)
    6.1 Introduction
    6.2 Adhesive Materials
           6.2.1 Tapes
                    6.2.1.1 Tapes are Widely Used for Thermal Management of Light-Emitting Diodes (Leds) Used in the Automotive Industry
           6.2.2 Films
                    6.2.2.1 Thermally Conductive Films
                               6.2.2.1.1 Thermally Conductive Films Segment is Projected to Lead Thermal Management Market for Films From 2019 to 2024
                    6.2.2.2 Electrically Conductive Films
           6.2.3 Adhesive Liquids
                    6.2.3.1 Heat Cure Liquids
                               6.2.3.1.1 Heat Cure Liquids Cure the Material Generally When Heated Above 100°C
                    6.2.3.2 Room Temperature Cure Liquids
                               6.2.3.2.1 Room Temperature Cure Liquids are Usually Used in Bonding, Sealing, Coating, and Potting or Encapsulation Applications
    6.3 Nonadhesive Materials
           6.3.1 Thermal Pads
                    6.3.1.1 Consumer Electronics is a Key End-Use Industry for Thermal Pads
           6.3.2 Gap Fillers
                    6.3.2.1 Demand for Gap Fillers From Automotive Industry is Expected to Increase During the Forecast Period
           6.3.3 Phase Change Materials
                    6.3.3.1 Phase Change Materials Account for a Significant Share of the Nonadhesive Materials Market
           6.3.4 Grease
                    6.3.4.1 Grease is Increasingly Used in Automotive, Servers & Data Centers, and Consumer Electronics Industries

7 Thermal Management Market, By Device (Page No. - 64)
    7.1 Introduction
    7.2 Conduction Cooling Devices
           7.2.1 Wedge Locks
                    7.2.1.1 Wedge Locks are Widely Used Thermal Solutions in Pcbs and Socs
           7.2.2 Potting Materials
                    7.2.2.1 Potting Materials are Used to Protect Sensitive Electronic Components Against Heat, Shock, and Vibration
    7.3 Convection Cooling Devices
           7.3.1 Heat Sinks
                    7.3.1.1 Heat Sinks are Primary and Most Widely Used Devices to Absorb Heat From Different Systems
           7.3.2 Heat Spreaders
                    7.3.2.1 Heat Spreaders are Increasingly Used to Transfer Heat From High to Low Heat Flux Media
           7.3.3 Forced Air and Natural Cooling Devices
                    7.3.3.1 Forced Air Cooling Enables Effective Cooling, Improved Lifecycle, and Enhanced Performance of Electronic Components
           7.3.4 Heat Pumps
                    7.3.4.1 Heat Pumps are Increasingly Used in the Automotive Industry
    7.4 Advanced Cooling Devices
           7.4.1 Direct Immersion Cooling
                    7.4.1.1 Direct Immersion Cooling is Used in Servers & Data Centers as a Thermal Management Solution
           7.4.2 Microchannel Cooling
                    7.4.2.1 Microchannel Cooling Heat Sinks are Used in 3D Integrated Circuits
           7.4.3 Cold Plates
                    7.4.3.1 Cold Plates are Majorly Used in Applications With Space Constraints and Inefficient External Cooling
           7.4.4 Others
    7.5 Hybrid Cooling Devices
           7.5.1 Electrowetting Devices
                    7.5.1.1 Electrowetting Devices are Used for Thermal Management of On-Chip Hot Spots
           7.5.2 Spot Coolers
                    7.5.2.1 Spot Coolers Serve as an Excellent Alternative to Precision Cooling and Mini-Split Systems in Data Centers
           7.5.3 Vapor Chambers
                    7.5.3.1 Vapor Chambers are Gaining Traction in Servers & Data Centers for Thermal Management of Blade Server Cpus
           7.5.4 Compact Heat Exchangers
                    7.5.4.1 Compact Heat Exchangers use Metal Foams and Polymers to Improve Heat Transfer as Compared to Other Types of Heat Exchangers
           7.5.5 Thermoelectric Cooling
                    7.5.5.1 Micro-Thermoelectric Coolers Reduce Temperature of Hot Spots on Chips to Achieve a Highly Uniform Temperature Distribution
           7.5.6 Others

8 Thermal Management Market, By Service (Page No. - 74)
    8.1 Introduction
    8.2 Installation & Calibration
           8.2.1 Installation & Calibration is Essential to Understand a Complete and Reliable Heat Balance Before the Installation of Any Thermal Management Solution
    8.3 Optimization & Post-Sales Support
           8.3.1 Optimization & Post-Sales Support Services is Essential to Reduce Downtime of Systems Due to Improper Thermal Management By Regular Maintenance and Service

9 Thermal Management Market, By End-Use Industry (Page No. - 77)
    9.1 Introduction
    9.2 Consumer Electronics
           9.2.1 Laptops and Computers
                    9.2.1.1 Cooling Fans, Active and Passive Heat Sinks, and Liquid Cooling Materials are Major Thermal Solutions Used in Laptops and Computers
           9.2.2 Audio Amplifier Components
                    9.2.2.1 Thermal Management Systems and Solutions Play a Major Role in Protecting Audio Amplifiers From Impairment Caused By Overheating
           9.2.3 Power Supply Units
                    9.2.3.1 Use of Thermal Management Solutions and Systems is Necessary for Power Supply Units to Maintain Variable Temperature Generated By Their Varying Modes of Operations
           9.2.4 Gaming Devices
                    9.2.4.1 Gaming Devices With High Specification Hardware Generate a Large Amount of Heat, Thereby Leading to Requirement for Thermal Management Solutions and Systems
           9.2.5 Smartphones
                    9.2.5.1 Miniaturization of Components and Their High Computing Capabilities Have Led to Increased use of Thermal Management Solutions and Systems in Smartphones
           9.2.6 Home Appliances (TV Sets, Fridges, Washing Machines, Etc.)
                    9.2.6.1 Advent of Smart Home Appliances is Expected to Boost the Demand for Thermal Management Solutions and Systems
    9.3 Servers & Data Centers
           9.3.1 Single Racks
                    9.3.1.1 Thermal Management is Necessary for Single Rack Data Centers to Manage the Heat Dissipation From Power Supplies, Servers, and Equipment
           9.3.2 Multi Racks
                    9.3.2.1 Heat Management is Carried Out in Multi Rack Data Centers to Achieve Desired Performance
    9.4 Automotive
           9.4.1 Battery Thermal Management Systems
                    9.4.1.1 Increased use of Batteries in Electric Vehicles is Contributing to Demand for Thermal Management Solutions and Systems
           9.4.2 Engine Control Thermal Management Systems
                    9.4.2.1 Increased use of Engine Control Thermal Management Systems in Vehicles is Contributing to Growth of Market
           9.4.3 Waste Heat Recovery and Emission Reduction Systems
                    9.4.3.1 Rise in the use of Thermal Management Solutions and Systems for Heat Recovery and Emission Reduction in Vehicles is Fueling Growth of Market
           9.4.4 Brake and Suspension Cooling Systems
                    9.4.4.1 Coolant Pumps and Engine Cooling Jackets are Key Thermal Management Solutions Used in Brake and Suspension Cooling Systems
           9.4.5 Seat Heating and Cooling Systems
                    9.4.5.1 Innovations in Personalized Seat Comfort Systems is a Key Factor Fueling Adoption of Thermal Management Solutions and Systems in Vehicles
           9.4.6 Automotive Lighting Systems
                    9.4.6.1 Development of Stylish 3D Led Daytime Running Lights, Turn Signal Lights, and High/Low Beams Lights is Driving the Growth of Market
    9.5 Aerospace & Defense
           9.5.1 Increased Investments in Defense Sector for Development of New Systems Fueling Growth of Market
    9.6 Enterprises
           9.6.1 Flourishing IT Industry is Leading to Increased Adoption of Computing Devices Equipped With Thermal Management Systems and Solutions
    9.7 Healthcare
           9.7.1 Large Infrastructure Equipment
                    9.7.1.1 Use of Thermal Management Solutions and Systems in Large Infrastructure Equipment Leading to Growth of Market
           9.7.2 Portable Equipment
                    9.7.2.1 Thermal Systems and Solutions are Used in Portable Equipment for Effective Thermal Energy Transfer to Ensure Safe, Effective, and Targeted Management System Therapy to Patients
    9.8 Other End-Use Industries
           9.8.1 Use of IoT Devices in Manufacturing and Retail Industries has Led to Growth of Market

10 Regional Analysis (Page No. - 105)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                       10.2.1.1 Increasing Demand for Heat Management in Electric Cars and Smart Cars is Fueling Growth of Market in the US
             10.2.2 Canada
                       10.2.2.1 Rising Consumption of Consumer Electronics in Canada is Contributing to Growth of Market in the Country
             10.2.3 Mexico
                       10.2.3.1 Improving Economic Condition and Increasing Spending Capacity of Population are Leading to Increased Demand for Consumers Electronics in Mexico
     10.3 Europe
             10.3.1 UK
                       10.3.1.1 Flourishing Automotive, Servers & Data Centers, and Consumer Electronics Industries in the UK are Fueling Growth of Market in the Country
             10.3.2 Germany
                       10.3.2.1 Flourishing Automotive Industry in Germany is Expected to Fuel Growth of Market in the Country
             10.3.3 France
                       10.3.3.1 Increasing Demand for Thermal Management Solutions and Systems From Servers & Data Centers and Automotive Industries is Fueling Growth of Market in France
             10.3.4 Rest of Europe
                       10.3.4.1 Italy, Spain, the Netherlands, and Belgium are Key Countries Fueling Growth of Market in the Rest of Europe
     10.4 Asia Pacific (APAC)
             10.4.1 Japan
                       10.4.1.1 Consumer Electronics and Automotive are Leading Industries Contributing to Growth of Market in Japan
             10.4.2 China
                       10.4.2.1 Rising Demand for Thermal Management Solutions and Systems From Automotive and Consumer Electronics Industries is Contributing to Growth of Market in China
             10.4.3 South Korea
                       10.4.3.1 Market for Consumer Electronics in South Korea is Expected to Grow at a Significant Rate
             10.4.4 India
                       10.4.4.1 Demand for Thermal Management Solutions and Systems From Automotive, Servers & Data Centers, and Consumer Electronics Industries is Driving Growth of Market in India
             10.4.5 Rest of APAC
                       10.4.5.1 Singapore and Australia are the Key Markets for Thermal Management Solutions and Systems in the Rest of APAC
     10.5 Rest of the World
             10.5.1 South America Leads Market in RoW

11 Competitive Landscape (Page No. - 128)
     11.1 Overview
     11.2 Key Players in Market
     11.3 Competitive Leadership Mapping
             11.3.1 Visionary Leaders
             11.3.2 Dynamic Differentiators
             11.3.3 Innovators
             11.3.4 Emerging Companies
     11.4 Strength of Product Portfolio (For 25 Companies)
     11.5 Business Strategy Excellence (For 25 Companies)
     11.6 Competitive Scenario
             11.6.1 Product Launches & Developments
             11.6.2 Partnerships and Agreements
             11.6.3 Mergers & Acquisitions and Expansions

12 Company Profiles (Page No. - 138)
(Business Overview, Products & Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.1 Introduction
     12.2 Key Players
             12.2.1 Honeywell
             12.2.2 Aavid Thermalloy (Boyd Corporation)
             12.2.3 Vertiv
             12.2.4 European Thermodynamics
             12.2.5 Henkel
             12.2.6 Master Bond
             12.2.7 Laird
             12.2.8 Delta Electronics
             12.2.9 Advanced Cooling Technologies, Inc.
             12.2.10 Parker (Chomerics Division)
     12.3 Other Companies
             12.3.1 Dau Thermal Solutions
             12.3.2 Amerasia International (AI) Technology
             12.3.3 Heatex
             12.3.4 Lord Corporation
             12.3.5 API Heat Transfer
             12.3.6 Thermotek
             12.3.7 Jaro Thermal
             12.3.8 Danfoss
             12.3.9 Kelvion
             12.3.10 Gentherm

*Details on Business Overview, Products & Solutions Offered, Recent Developments, SWOT Analysis, and MnM View Might Not be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 174)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Report
     13.6 Author Details

List of Tables (75 Tables)

Table 1 Thermal Management Market, By Material Type, 2016–2024 (USD Million)
Table 2 Thermal Management Material Type Market, By End-Use Industry, 2016–2024 (USD Million)
Table 3 Thermal Management Material Type Market, By Region, 2016–2024 (USD Million)
Table 4 Thermal Management Material Type Market, By Adhesive Material, 2016–2024 (USD Million)
Table 5 Adhesive Materials Market, By End-Use Industry, 2016–2024 (USD Million)
Table 6 Market for Tapes, By End-Use Industry, 2016–2024 (USD Million)
Table 7 Market for Films, By Type, 2016–2024 (USD Million)
Table 8 Market for Films, By End-Use Industry, 2016–2024 (USD Million)
Table 9 Market for Adhesive Liquids, By End-Use Industry, 2016–2024 (USD Million)
Table 10 Thermal Management Material Type Market, By Nonadhesive Material, 2016–2024 (USD Million)
Table 11 Nonadhesive Materials Market, By End-Use Industry, 2016–2024 (USD Million)
Table 12 Market for Thermal Pads, By End-Use Industry, 2016–2024 (USD Million)
Table 13 Market for Gap Fillers, By End-Use Industry, 2016–2024 (USD Million)
Table 14 Market for Phase Change Materials, By End-Use Industry, 2016–2024 (USD Million)
Table 15 Market for Grease, By End-Use Industry, 2016–2024 (USD Million)
Table 16 Market, By Device, 2016–2024 (USD Million)
Table 17 Thermal Management Device Market, By End-Use Industry, 2016–2024 (USD Million)
Table 18 Thermal Management Device Market, By Region, 2016–2024 (USD Million)
Table 19 Market, By Service, 2016–2024 (USD Million)
Table 20 Market, By End-Use Industry, 2016–2024 (USD Million)
Table 21 Market for Consumer Electronics, By Region, 2016–2024 (USD Million)
Table 22 North America Thermal Management for Consumer Electronics, By Country, 2016–2024 (USD Million)
Table 23 Europe Market for Consumer Electronics, 2016–2024 (USD Million)
Table 24 APAC Market for Consumer Electronics, By Country, 2016–2024 (USD Million)
Table 25 Market for Servers & Data Centers, By Type, 2016–2024 (USD Million)
Table 26 Market for Servers & Data Centers, By Region, 2016–2024 (USD Million)
Table 27 North America Market for Servers & Data Centers, By Country, 2016–2024 (USD Million)
Table 28 Europe Market for Servers & Data Centers, By Country, 2016–2024 (USD Million)
Table 29 APAC Thermal Management for Servers & Data Centers, By Country, 2016–2024 (USD Million)
Table 30 Market for Automotive, By System Type, 2016–2024 (USD Million)
Table 31 Market for Automotive, By Region, 2016–2024 (USD Million)
Table 32 North America Thermal Management for Automotive, By Country, 2016–2024 (USD Million)
Table 33 Europe Market for Automotive, By Country, 2016–2024 (USD Million)
Table 34 APAC Market for Automotive, By Country, 2016–2024 (USD Million)
Table 35 Market for Aerospace & Defense, By Region, 2016–2024 (USD Million)
Table 36 North America Market for Aerospace & Defense, By Country, 2016–2024 (USD Million)
Table 37 Europe Thermal Management for Aerospace & Defense, By Country, 2016–2024 (USD Million)
Table 38 APAC Market for Aerospace & Defense, By Country, 2016–2024 (USD Million)
Table 39 Market for Enterprises, By Region, 2016–2024 (USD Million)
Table 40 North America Market for Enterprises, By Country, 2016–2024 (USD Million)
Table 41 Europe Thermal Management for Enterprises, By Country, 2016–2024 (USD Million)
Table 42 APAC Market for Enterprises, By Country, 2016–2024 (USD Million)
Table 43 Market for Healthcare, By Equipment Type, 2016–2024 (USD Million)
Table 44 Market for Healthcare, By Region, 2016–2024 (USD Million)
Table 45 North America Market for Healthcare, By Country, 2016–2024 (USD Million)
Table 46 Europe Market for Healthcare, By Country, 2016–2024 (USD Million)
Table 47 APAC Market for Healthcare, By Country, 2016–2024 (USD Million)
Table 48 Market for Other End-Use Industries, By Region, 2016–2024 (USD Million)
Table 49 North America Market for Other End-Use Industries, By Country, 2016–2024 (USD Million)
Table 50 Europe Market for Other End-Use Industries, By Country, 2016–2024 (USD Million)
Table 51 APAC Market for Other End-Use Industries, By Country, 2016–2024 (USD Million)
Table 52 Market, By Region, 2016–2024 (USD Million)
Table 53 Market in North America, By Country, 2016–2024 (USD Million)
Table 54 North America Market, By End-Use Industry, 2016–2024 (USD Million)
Table 55 US Market, By End-Use Industry, 2016–2024 (USD Million)
Table 56 Canada Market, By End-Use Industry, 2016–2024 (USD Million)
Table 57 Mexico Market, By End-Use Industry, 2016–2024 (USD Million)
Table 58 Europe Market, By Country, 2016–2024 (USD Million)
Table 59 Europe Market, By End-Use Industry, 2016–2024 (USD Million)
Table 60 UK Market, By End-Use Industry, 2016–2024 (USD Million)
Table 61 Germany Market, By End-Use Industry, 2016–2024 (USD Million)
Table 62 France Market, By End-Use Industry, 2016–2024 (USD Million)
Table 63 Rest of Europe Market, By End-Use Industry, 2016–2024 (USD Million)
Table 64 APAC Market, By Country, 2016–2024 (USD Million)
Table 65 APAC Market, By End-Use Industry, 2016–2024 (USD Million)
Table 66 Japan Market, By End-Use Industry, 2016–2024 (USD Million)
Table 67 China Market, By End-Use Industry, 2016–2024 (USD Million)
Table 68 South Korea Market, By End-Use Industry, 2016–2024 (USD Million)
Table 69 India Market, By End-Use Industry, 2016–2024 (USD Million)
Table 70 Rest of APAC Market, By End-Use Industry, 2016–2024 (USD Million)
Table 71 RoW Market, By Region, 2016–2024 (USD Million)
Table 72 RoW Market, By End-Use Industry, 2016–2024 (USD Million)
Table 73 Top 10 Product Launches & Developments, January 2016–April 2019
Table 74 Partnerships and Agreements, January 2016–April 2019
Table 75 Mergers & Acquisitions and Expansions, January 2016–April 2019
 
 
List of Figures (50 Figures)
 
Figure 1 Market
Figure 2 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Automotive Segment of Market is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 7 Engine Control Thermal Management Systems Segment is Estimated to Account for the Largest Share of Market for Automotive in 2019
Figure 8 Nonadhesive Materials Segment is Projected to Lead Market From 2019 to 2024
Figure 9 Convection Cooling Devices Segment is Projected to Lead Market From 2019 to 2024
Figure 10 Asia Pacific Accounted for the Largest Share of Market in 2018
Figure 11 Market in Asia Pacific is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 12 Automotive Segment is Projected to Lead Market in 2024
Figure 13 Convection Cooling Devices Segment and Asia Pacific Accounted for the Largest Shares of Market in 2018
Figure 14 Optimization & Post-Sales Support Segment is Projected to Lead Market From 2019 to 2024
Figure 15 China is Estimated to Account for the Largest Share of Market in 2019
Figure 16 Market Dynamics
Figure 17 Rise in the Number of Processes in Computers Leading to Increased Power Consumption By Their Motherboards and Hard Disk Drives
Figure 18 Electric Vehicle Sales, 2013–2018 (Million Units)
Figure 19 Phase-Down of F-Gas Containing Substances From 2015 to 2030
Figure 20 Value Chain Analysis of Market
Figure 21 Nonadhesive Materials Segment is Projected to Lead Market Between 2019 and 2024
Figure 22 Adhesive Materials Market for Automotive is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 23 Servers & Data Centers Segment is Projected to Lead Nonadhesive Materials Market From 2019 to 2024
Figure 24 Advanced Cooling Devices Segment of Market is Projected to Grow at the Highest CAGR Between 2019 and 2024
Figure 25 Different Types of Convection Cooling Devices
Figure 26 Different Types of Hybrid Cooling Devices
Figure 27 Market, By Service
Figure 28 Market, By End-Use Industry
Figure 29 Automotive Segment of Market is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 30 Asia Pacific is Projected to Lead Market for Consumer Electronics From 2019 to 2024
Figure 31 Market for Servers & Data Centers in North America is Projected to Grow at the Highest CAGR Between 2019 and 2024
Figure 32 APAC is Projected to Lead Market for Automotive Between 2019 and 2024
Figure 33 APAC Market for Aerospace & Defense is Projected to Grow at the Highest CAGR Between 2019 and 2024
Figure 34 APAC Market for Enterprises is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 35 APAC Market for Healthcare is Projected to Grow at the Highest CAGR Between 2019 and 2024
Figure 36 APAC Market for Other End-Use Industries is Projected to Grow at the Highest CAGR Between 2019 and 2024
Figure 37 APAC Market is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 38 North America Thermal Management Snapshot
Figure 39 North America Market for Servers & Data Centers is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 40 Europe Market Snapshot
Figure 41 APAC  Market Snapshot
Figure 42 Companies Adopted Product Launches & Developments as Key Growth Strategy From January 2016 to April 2019
Figure 43 Market: Company Ranking Analysis (2018)
Figure 44 Market Competitive Leadership Mapping, 2018
Figure 45 Honeywell: Company Snapshot
Figure 46 Vertiv: Company Snapshot
Figure 47 Henkel: Company Snapshot
Figure 48 Laird: Company Snapshot
Figure 49 Delta Electronics: Company Snapshot
Figure 50 Parker: Company Snapshot

Thermal management market study involved four major activities in estimating the size of the market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market’s size. After that, market breakdown and data triangulation were used to estimate the market sizes of segments and sub-segments

Thermal Management Market- Secondary Research

In the thermal management market report, both top-down and bottom-up approaches have been used to estimate and validate the size of the market, along with other dependent submarkets. The key players in the market have been identified through secondary research, and their market ranks have been determined through primary and secondary research. This entire research methodology involved studying annual and financial reports of the top players and interviewing experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative).

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that may affect the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in thermal management market report.

Thermal Management Market- Primary Research

The thermal management market supply chain comprises several stakeholders, such as component suppliers, manufacturers, system integrators, distribution channels, marketing & sales, and end-users. The demand side of this market is characterized by aerospace & defense, automotive, servers & data centers, consumer electronics, enterprises, healthcare, and other industries; the supply side is characterized by technology and hardware suppliers, solution providers, and system integrators. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of the primary respondents of this market is provided below:

Thermal Management Market

To know about the assumptions considered for the market study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the thermal management market. These methods were also extensively used to estimate the sizes of various market sub-segments. The research methodology used to estimate the market sizes includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Market Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

The main objectives of the market study are:

  • To define, describe, and forecast the thermal management market based on material type, device, service, end-use industry, and region.
  • To forecast the market size of various segments, in terms of value, with respect to four main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
  • To provide detailed information regarding the major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market.
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the thermal management market.
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies, along with detailed competitive landscape for the market leaders.
  • To analyze competitive developments such as agreements, contracts, partnerships, mergers & acquisitions, and product launches & developments in the thermal management market.

Available Customizations

Device Analysis:

  • The market size of different subsegments of the device segment of the thermal management market.

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5).
Report Code
SE 5290
Published ON
Jul, 2019
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